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Image description.<br />
IRIS - INDIVIDUAL RETIREMENT INVESTMENT<br />
STRATEGY<br />
Managed By SSgA<br />
One of the most important factors influencing a successful<br />
investment strategy for a <strong>pension</strong> plan is the length of time<br />
until retirement. Investment strategies for individuals with a<br />
long time to go until they reach retirement will differ from<br />
those approaching retirement sooner.<br />
IRIS consists of a series of different investment funds,<br />
allowing us to group together investors with similar terms<br />
until their expected retirement date. The investment<br />
strategy of the funds is designed with term to retirement in<br />
mind. So, for example, if you are expecting to retire in the<br />
year 2018, your contributions would be invested in the IRIS<br />
Fund 2018-2019, which only contains investors with a<br />
similar term to retirement as yourself.<br />
You remain invested in one IRIS fund, which gradually<br />
changes its asset mix as your retirement date approaches<br />
in order to protect your retirement benefits. Where the term<br />
is greater than 10/12 years there is a significant equity<br />
weighting - typically 85%. As the term to retirement<br />
shortens the equity content is reduced and the fixed<br />
interest and cash content increases. This means that you<br />
will be investing in a fund with investors who have similar<br />
investment requirements to you.<br />
Probably the most clever thing about IRIS is that it takes the<br />
hard work out of <strong>pension</strong>s investing. By simply choosing a<br />
year of retirement, IRIS will then look after the asset mix to<br />
ensure that your <strong>pension</strong> fund is invested in assets that<br />
match your personal needs.<br />
There is one other decision that you will need to make, and<br />
that is whether to utilise the experience of a leading fund<br />
manager, or instead to choose to follow a consensus<br />
strategy.<br />
The options available to you, IRIS Retirement Fund and<br />
Consensus IRIS, are outlined over the next two pages.<br />
It should however be noted that these funds may not be<br />
suitable in all circumstances particularly if you qualify for and<br />
intend to avail of the Approved Retirement Fund (ARF)<br />
option at retirement.<br />
Progression of IRIS Fund Asset Split<br />
Stacked Y scale titled Bar chart Scale with label. 4 groups and 4 items per group.<br />
Group 1, 1, Cash Retirement value of Fund 0.6% 2024 which Onwards, is 1% of Total Retirement value Fund of 100%.<br />
2, Fixed Interest value of 4% which is 4% of 2024 Fund Onwards.<br />
3, Equities of 91.7% is 92% of Retirement Fund 2024 2024 Onwards.<br />
Item Group 4, 2, Property Retirement value Fund of 3.7% 2018-2019, which is Total 4% of value Retirement of 100%. Fund 2024 Onwards.<br />
1, 2, Cash Fixed value Interest of value 2% which of 16.4% is 2% which of Retirement is 16% of Fund Retirement 2018-2019.<br />
3, Equities of 76.3% is 76% of Retirement Fund Fund 2018-2019. 2018-2019.<br />
Item Group 4, 3, Property Retirement value Fund of 5.3% 2014-2015, which is Total 5% of value Retirement of 100%. Fund 2018-2019.<br />
1, 2, Cash Fixed value Interest of value 14.8% of which 50.8% is which 15% of is Retirement 51% of Retirement Fund 2014-2015.<br />
3, Equities of 32.3% is 32% of Retirement Fund Fund 2014-2015. 2014-2015.<br />
Item 4, 100%<br />
Group 4, Property Retirement value Fund of 2.1% 2010-2011, which is Total 2% of value Retirement of 100%. Fund 2014-2015.<br />
1, 2, Cash Fixed value Interest of value 24.2% of which 75.8% is which 24% of is Retirement 76% of Retirement Fund 2010-2011.<br />
3, Equities of No is of Fund 2010-2011.<br />
Item 4, Property value of No data which is 0% of Retirement Fund 2010-2011.<br />
End of image description.<br />
80%<br />
Cash<br />
60%<br />
Fixed<br />
Interest<br />
40%<br />
Equities<br />
20%<br />
Property<br />
0%<br />
Retirement Fund 2024<br />
Onwards<br />
Retirement Fund 2018-<br />
2019<br />
Retirement Fund 2014-<br />
2015<br />
Retirement Fund 2010-<br />
2011<br />
Suitable for Lifestyle Investors - Logon to www.newireland.ie for the most recent fund information<br />
Warning: Past performance is not a reliable guide to future performance.<br />
Warning: The value of your investment may go down as well as up.<br />
Warning: These funds may be affected by changes in currency exchange rates.<br />
Warning: If you invest in this product you may lose some or all of the money that you invest.<br />
Note: Figures as at 31 March 2012. Performance is quoted gross of taxation and fund management charge. Past performance is not a reliable guide to<br />
future performance. The value of your investment may go down as well as up.<br />
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